Asset Type
Retail
Location
Denver, CO
Year Acquired
2023
Square Footage
320,000 SF
Occupancy Rate
87%
Current Value
$94M
Property Overview
Northgate Retail Village is an open-air lifestyle center located at a high-traffic intersection in Denver’s rapidly expanding northern corridor. The center is anchored by a national grocery chain and features a complementary mix of dining, fitness, health, and service-oriented tenants that drive consistent traffic and repeat visits. Acquired with meaningful lease-up upside remaining, the property is executing a repositioning strategy that includes curated tenant replacement, facade enhancements, and the addition of outdoor dining structures and event programming to create a true community gathering destination.
Financial Highlights
$67M
Acquisition Value
$94M
Current Valuation
$5.2M
NOI
5.5%
Cap Rate
18.5%
IRR
2.3x
Equity Multiple
Gallery